Dee Lee Of WBZ NewsRadio 1030′s Money Matters Discusses Credit Debt « CBS Boston

Dee Lee Of WBZ NewsRadio 1030′s Money Matters Discusses Credit Debt « CBS Boston  What a horribly arrogant and misguided article Dee Lee has written on Money Matters.

Dee Lee focuses on how consumers treat credit as a privilege, even a constitutional right. 

What Dee Lee does not do is point out that Debt Suspension should also be a consumer right in times of a legitimate crisis.

Dee Lee does not focus on how a debt instrument, aka a promissory note, should also be a consumer right in times of a financial crisis that may not be directly the fault of the consumer in question, and that is apparently not a consumer right either. 

Shame on Dee Lee for being so one sided.

NY Fed Misdirection, Reports..."U.S. consumer debt rises in fourth quarter: NY Fed - BNN News" as if it were a good thing.

Contrary to the New York Fed celebration as U.S. consumer debt rises in fourth quarter: NY Fed - BNN News, rising consumer debt is actually a bad thing.

Please consider signing the Debt Neutrality Petition by by clicking here.

IPS – U.S.: Occupy Affiliate Aims at Abolishing Consumer Debt | Inter Press Service

IPS – U.S.: Occupy Affiliate Aims at Abolishing Consumer Debt | Inter Press Service

If you are planning on creating or broadcasting a commercial and want an objective, outsiders point of view about your commercial, contact Alessandro Machi about his consulting services at...

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In the U.S., there apparently is a Debt Collectors Code of Conduct, in Britain, debt collectors can force the sale of a home for as little as a 1,000 pound debt.

In the U.S. we apparently now have the debt collectors Code of Conduct, in England, the government appears to be licking the boots of the debt collectors, actually allowing debt collectors to force the sale of a home to collect on debt of as little as 1,000 pounds or more.

A Code of Conduct for the Debt Collection Industry, are you kidding me!

If this Debt Collection Code of Conduct goes through, it will revolutionize Debt Collection, and in an incredibly good way.  I'm going to clip the key comments of the Code of Conduct just in case the link ever goes bad...Below are five main points the article brings up, but definitely check out the link as they make other great points as well...

1.  To never attempt any collection effort on any credit card debt that is beyond the statute of limitation. 2.  To never file a lawsuit for collection of credit card debt. 3.  To never charge interest on a credit card debt that was charged-off by the original issuer. 4.  To never attempt to contact the consumer regarding credit card debt by telephone more than two times in any one 24-hour period. 5.  To never resell credit card accounts to anyone who has not signed the Code of Conduct Pledge.

I am STUNNED that there is a Debt Collectors Code of Conduct.  Alhough The Debt Collectors Code of Conduct is five years too late, it is still fantastically better than not doing it all.

And don't forget the clown idiot of our times, Darryl Issa, who rabidly OPPOSES The Consumer Protection Financial Bureau.

Household debt falls to record low in 4Q...Or did it?

Household debt falls to record low in 4Q

This is the typical, desperate news propaganda story that cries out, Yeah, soon we can kick the can down the proverbial road, AGAIN!

The comical part is that if you keep reading the article, the "fine print" gets revealed near the end. Lowered Credit Lines is one of the reasons that debt versus household income ratios are improving. 

The REALITY IS, the economy needs to string about 20 of these quarters in a row before real improvement occurs, and that CAN NEVER happen because as soon as even a modicum of good news gets reported, it is LEVERAGED to way beyond the true value the good news could ever muster.

If you are planning on creating or broadcasting a commercial and want an objective, outsiders point of view about your commercial, contact Alessandro Machi about his consulting services at...

info at alexlogic.com

You can also view more

commercial critiques

by Alessandro Machi at

Super Bowl Consulting

AP reports on Consumer Debt as if more of it is a good thing.

How can the U.S. and the world's economy ever recover if the media forces that be continue to report that an increase in consumer debt is a good thing?